Differentiate between economic and non economic activities with help of an example
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Differentiate between economic and non economic activities with help of an example
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Answer:
Economic activities :
(i)These are the activities through which we can earn money.
(ii) In these activities the products are not meant for only self consumption.
(iii) Ex : teaching , industrialists , officials , lawers , buisneesman etc.
Non Economic activities :
(i)These are the activities through which we don' t earn any money.
(ii)The products which are produced in these activities are only meant for self consumption.
(iii) Ex : small scale manufacturing or farming in a small scale only for self consumption.
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